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Investors & landlords
Thank you for answering all these questions. For year 2020, in turbo tax, it is asking me (a property owner) for a 1099-NEC for property expenses. I hire a property manager and he has already sent me a 1099-MISC this year. My question is, does he also need to send me a 1099-NEC form as well? Basically, he has been collecting rent and disburses the money to me after subtracting any fee. Or am I suppose to send my property manager a 1099-NEC since I am paying him for his service?
‎February 23, 2021
6:11 AM